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Stocks To Buy: 7 Stocks Recommendations From 4 Brokerages Offering Potential 39% Return
Top brokerages have recommended 7 stocks that will fetch attractive return. If you buy these stocks now, you can receive potential return of up to 39%. These stocks are Computer Age Management Services Ltd, Arvind Fashion Ltd, Infosys Ltd, IRCTC, Federal Bank, HCL Technologies Ltd, and Tata Steel Ltd.
| Company | Potential Return |
|---|---|
| Computer Age Management Services Ltd | 39% |
| Arvind Fashion Ltd | 32% |
| Infosys Ltd | 30% |
| IRCTC | 28% |
| Federal Bank | 25% |
| HCL Technologies Ltd | 22% |
| Tata Steel Ltd | 20% |
Check key takeaways below:
1. Computer Age Management Services Ltd
Computer Age Management Services Ltd: The last trading price of the stock is Rs 2633 apiece with an intraday gain of 0.51%. The company has a market capitalisation of Rs 12,902 crore.
According to Anand Rathi, if you buy the stock now, you can get a potential return of up to 38.63% with a target price of Rs 3650 apiece. The stock has surged 11% in the last 3 months. The small cap company was incorporated in 1988 and operates in Financial Services sector.
2. Arvind Fashion Ltd
The last trading price of Arvind Fashion is Rs 332 apiece with a market capitalisation of Rs 4419 crore. The small cap company operates in Apparels sector.
Leading brokerage firm Anand Rathi suggests that if you buy the stock at its current market price of Rs 332, you can fetch a potential return of up to 32% with a target price of Rs 440.
3. Infosys Ltd
The last trading price of Infosys Ltd is Rs 1500 apiece. It has a market capitalisation of Rs 6,31,216.21 crore. The stock has given a return of 223% in last 5 years and 95% in last 3 years. The large cap company operates in IT Software sector.
It was incorporated in 1981. JM Financials has given buy rating to Infosys Ltd with a target price of Rs 1950 apiece. The brokerage expects the stock will offer a potential return of up to 30%.
4. Indian Railway Catering and Tourism Corporation Ltd
The last trading price of IRCTC is Rs 742 apiece. It has a market capitalisation of Rs 59,420 crore. The stock has given a potential return of up to 377% in last 3-years and 22% in last 3 months.
The mid-cap company came into existence in 1999 and operates in Tourism & Hospitality sector. Kotak Securities has assigned buy rating to IRCTC with a target price of Rs 950 apiece. Kotak Securities expects that the stock will offer a likely return of up to 28%.
5. Federal Bank
The last trading price of Federal Bank is Rs 132 apiece with market capitalisation of Rs 27,968 crore. The stock has given a return of 37% in 1 year and 23% in 3 months. The banking company was incorporated in 1931.
Axis Securities has recommended investors to buy the stock with a target price of Rs 165 and a likely return of up to 25%.
6. HCL Technologies Ltd
The last trading price of HCL is Rs 1026 apiece with the market capitalisation of Rs 2,78,666.27 crore. Kotak Securities has assigned buy rating to HCL with a target price of Rs 1250. The brokerage anticipates a likely return of up to 21.83%.
The stock has delivered a return of 88% in last 3 years and 14% in just 1 month. The large cap company operates in IT Software sector. It came into existence in 1991.
7. Tata Steel Ltd
The last trading price of Tata Steel Ltd is Rs 100 apiece with a market capitalisation of Rs 1,22,300.73 crore. Axis Securities has suggested investors to buy the stock with a target price of Rs 120 apiece as shares can jump 20%.
The stock has given a return of up to 178% in last 3 years and 7% in last 3 months. The large cap company came into existence in 1907 and operates in Metals-Ferrous sector.
Disclaimer
The stocks have been picked from the brokerage reports of Anand Rathi, JM Financials, Kotak Securities, and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
